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22nd April 2009 BUDGET PROPOSALS |
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9.1 The trust tax rate remains at 40% and the dividend trust rate at 32.5%. 9.2 The Capital Gains Tax rate for all trusts decreased to 18% from 6th April 2008, in line with the new CGT regime introduced at that time. 9.3 Income distributions are received with the benefit of a tax deduction of 40%. Any difference between each beneficiary’s top rate and 40% is recoverable. 9.4 The standard rate band applying to the first £1,000 of income for all trusts liable to the trust tax rate remains the same. |

